The ports of JNPT and Pipavav have been dropped in favour of Mundra by the China-Pakistan-India (CPX) service, jointly operated by Yang Ming and Orient Overseas Container Line (OOCL), according to shipping industry sources, reported The Hindu.
The CPX service deploys five vessels of capacity ranging from 3,700 to 4,300 TEUs.
Yang Ming has decided to have slots in the Central China-India (CCI) service, operated jointly by OOCL, Regional Container Lines, X-Press Feeders and Hamburg Sud.
The revised port rotation of CPX will be Shanghai-Ningbo-Shenzhen-Shekou-Singapore-Karachi-Mundra- Penang-Singapore-Hong Kong-Shanghai.
Yang Ming has stopped taking slots in China-South East Asia-Nhava Sheva (NCS/NCX) service operated by OOCL, Mitsui-OSK Line and Samudera Shipping.
Meanwhile, several major container lines such as Mediterranean Shipping Company, OOCL, United Arab Shipping Company and Zim have announced increases in rates on Asia-Europe and Asia-Mediterranean routes from July 1 and the extent of increase will be around US$500-$550/TEU. China Shipping Container Line and Cosco have also proposed to hike their rates on the routes, though later in July and the increases could be between $457 and $530/TEU.
Cargonews Asia |